BREAKING NEWS: Full Colour Kindle for Magazines !!!
LOS ANGELES — Five of the nation's largest publishers of newspapers and magazines are teaming up to challenge Amazon.com Inc.'s Kindle electronic-book reader with their own technology that would display in color and work on a variety of devices.Time Inc., News Corp., Conde Nast, Hearst Corp., and Meredith Corp., whose magazines include Time, Cosmopolitan and Better Homes and Gardens, announced a joint venture on Tuesday to develop new ways of presenting publications digitally to rival Kindle's gray "electronic ink" technique.
The publishers' answer to the text-oriented Kindle promises to emphasize visuals, retaining the distinctive look of each publication. It also aims to incorporate videos, games and social networking along with a classic magazine layout that can be flipped through with the touch of a finger.
The new standards the publishers are jointly developing would let consumers read the digital publications on some tablet computers, portable electronic readers and smart phones that render color images.
"The genesis of this idea is to build a fully featured kind of immersive e-reading application that can render our content beautifully on those devices that come to market," said John Squires, the venture's interim managing director.
The Kindle has been available since 2007. Electronic books, newspapers and other publications that Amazon sells for the Kindle will only work with that device.
Companies in the joint venture are hoping to break that lock and sell content starting in 2010 using the new standards. Publishers outside the joint venture would be able to adopt them, too.
The new joint venture would allow partners to set prices for their content. It also has plans to develop new advertising formats that are interactive and target an audience that is more engaged than in print.
The media companies are all equal partners in the venture. The companies said their publications reach 144.6 million people altogether.